Furniture & Homeware market in Montenegro
The Montenegrin Furniture & Homeware eCommerce market is predicted to reach US$12.0 million by 2024 and accounts for 11.7% of the total eCommerce market in Montenegro. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 5.5%, resulting in a projected market volume of US$14.9 million by 2028. Within the Furniture & Homeware market ECDB considers the following two sub-markets: Furniture and Homeware.
Market development
eCommerce revenue development in the Lamps market in Montenegro
The Montenegrin Lamps eCommerce market is predicted to reach US$1.0 million by 2024 and accounts for 24.2% of the Homeware eCommerce market in Montenegro. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 11.5%, resulting in a projected market volume of US$1.5 million by 2028. The Lamps eCommerce market is a sub-market of the Homeware market. Further categories within the Homeware market are: Bedding, Carpets, Curtains & Blinds, Decorations, Other Homeware, and Tableware.
eCommerce revenue development in the Lamps market in Montenegro
eCommerce revenue growth in the Lamps market in Montenegro
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 28.0 | 31.0 | 35.3 | 49.8 | 19.5 | 45.7 | 84.1 | 47.2 |
Market definition
Definition of the Lamps market within the Furniture & Homeware market
Market definition: Furniture & Homeware > Homeware > Lamps The category Lamps includes the online trade of indoor lamps (e.g. table lamps, floor lamps, bedside lamps, reading lamps), outdoor lamps (e.g. outdoor wall sconces, outdoor post lamps, solar-powered outdoor lamps), fairy lights, and more. This category does not cover lampshades, lamp harps and lamp extension cords or light fixtures (e.g. ceiling fixtures, wall-mounted fixtures). All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Indoor lamps (e.g. table lamps, floor lamps, bedside lamps, reading lamps)
- Outdoor lamps (e.g. outdoor wall sconces, outdoor post lamps, solar-powered outdoor lamps)
- Fairy lights
- Light bulbs
Out-of-scope
- Lampshades
- Lamp harps and lamp extension cords
- Light fixtures (e.g. ceiling fixtures, wall-mounted fixtures)
Market comparison
The Montenegrin Lamps market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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